The Ministry of Housing is preparing to launch a national real estate company that includes all its programs, after the Cabinet approved the establishment of the General Authority for Real Estate and directed it to coordinate between the concerned authorities to make the necessary arrangements to transfer the supervision of real estate activities to it.

The Ministry of Housing is preparing to launch a national real estate company that includes all its programs.

The Ejar program is expected to start receiving the registration of real estate brokers early this month despite its approval in January last year.

Sources at the Ministry of Housing indicated that the Ministry of Housing has given real estate brokers an opportunity to correct their situation and complete the requirements for Ijar, indicating that after the registration of real estate brokers" offices In the " Ejar program, the concluded contracts will be activated, and it will be in two stages, topped by residential units, and commercial real estate as a second stage.

He explained that the buildings will have certain requirements, at the top of which is that the property cannot be rented for other than the purpose for which it was established, and that the property subject to the lease contract is fit for the purpose for which it was rented in terms of not containing defects related to the structural structure or finishes, including electrical or sanitary installations and the like, unless the parties to the contract agree otherwise in writing.

And the buildings will have certain requirements.